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Poseyville council approves $525,000 in ARPA funds for Farmington Ridge infrastructure
Summary
On Dec. 13, 2024 the Poseyville Town Council unanimously approved an amended subrecipient agreement with Posey County allocating $325,000 already received and an additional $200,000 in ARPA funds for infrastructure in the Farmington Ridge Subdivision; Clerk-Treasurer Jodie Rankin said the town will invest the funds until annexation and project work begin.
Poseyville’s Town Council voted unanimously Dec. 13 to accept an amended Subrecipient Agreement with Posey County that allocates $325,000 and an additional $200,000 in American Rescue Plan Act funds for infrastructure at the Farmington Ridge Subdivision.
Clerk-Treasurer Jodie Rankin told the council the $325,000 has already been received and is currently invested. Rankin said she expects the $200,000 to arrive around Dec. 18, 2024 and plans to invest that sum as well until final annexation and the start of work on the project. President Justin Rutledge presented the agreement and called for the motion; Randall Rankin moved to accept the amended agreement and Mike Baehl seconded. Roll-call votes were recorded as Justin Rutledge (yes), Mike Baehl (yes), Randall Rankin (yes).
The council’s action authorizes the town to receive and hold the funds pending necessary local steps such as annexation and project planning. The transcript does not record further details about specific infrastructure items, timelines for construction, or contractors for the Farmington Ridge Subdivision.
